KEEPING SCORE: The S&P 500 was up 0.4%, as of 10:45 a.m. Eastern time. The index, though, remains down 1.3% for the week.
The Dow Jones Industrial Average climbed 128 points, or 0.5%, to 26,329, and the Nasdaq composite gained 0.4%.
ECONOMIC CHECK: Anticipation built through the week for Friday’s jobs report as a parade of weak data on the economy shook markets around the world. U.S. manufacturing activity contracted last month at its sharpest pace in a decade, and growth in the nation’s services sector slowed.
Friday’s mixed report shows a jobs market that is slowing but still growing, and economists said it may mean a rate cut at the Federal Reserve’s meeting later this month is no longer a slam dunk. The Fed has already cut rates twice this year to shield the economy from the effects of slowing growth abroad and the U.S.-China trade war.
The year on the 10-year Treasury yield dipped to 1.51% from 1.53% late Thursday. The two-year yield, which moves more on expectations about Fed activity, rose to 1.39% from 1.37%.
SHINED UP: Apple helped drive the market higher after rising 1.7%. A Japanese newspaper, Nikkei, said that the company asked suppliers to boost production of its iPhone 11.
Moves in Apple’s stock have an outsized effect on the S&P 500 because it’s the second-largest constituent in the index by market size.
MARKETS ABROAD: European stock markets turned higher following the release of the U.S. jobs report, and the French CAC 40 gained 0.9%. The German DAX added 0.5%, and the FTSE 100 in London rose 1.1%.
In Asia, Tokyo’s Nikkei 225 added 0.3%, while Hong Kong’s Hang Seng tumbled 1.1% and Seoul’s Kospi fell 0.6%.
COMMODITIES: Crude oil recovered some of its sharp losses from earlier in the week, which were spurred